Body Contouring Market Research Report- Forecast To 2027

Body Contouring Market Research Report, By Devices (Non-Invasive Devices, Minimally Invasive Devices & Invasive Devices) - Forecast Till 2027

ID: MRFR/MED/0835-HCR | February 2021 | Region: Global | 115 pages

Body Contouring Market Overview:


Body Contouring is a procedure that removes or reduces excess body fat. It involves the alteration of the body parts and improves the appearance. There are various body contouring procedures such as body lift, bra line back lift, body fat transfer, implants, and abdominal etching. Among them, a body lift is the most common method that removes the excess skin and fat from the thigh, abdomen, and buttocks.


Generally, most of the excess fat is present in the body parts like the torso, upper arms, chest, or thighs. The major aim of the body contouring method is to attain a natural or cosmetically desirable shape in a short period. The other bariatric surgeries to remove the excess fat are lap banding, stomach reduction, stomach stapling, and gastric bypass. The body contouring market size is expected to register 9.8% CAGR during the forecast period 2017-2023. Advanced technologies like ultrasound cavitation, infra-red technology, mesotherapy, laser lipolysis, etc are increasing the growth of the body contouring market trends. By increasing awareness regarding non-invasive and minimally invasive body contouring procedures, the market in forthcoming years may increase. 


COVID-19 Analysis of Body Contouring Market:


The COVID-19 pandemic has negatively impacted several business sectors across the globe. Among them, one of the major affected business sectors is the global cosmetic industry which includes skincare, body contouring, fragrances, hair care, and personal care. Due to the continuous lockdowns, the supply chains of the body contouring industry are highly impacted and have experienced a massive decline. Trade barriers are highly restraining the demand-supply outlook. Owing to these factors, the production process is adversely affected and hence hinders the overall medical devices market.


The trade of these devices and services across international borders has been affected due to the spread of the coronavirus and prolonged lockdowns. The manufacturing facilities of the major world’s leading medical device companies are located in China. As China’s supply chains are blocked, most of the industrial activities are suspended and the market trends related to medical devices have been negatively impacted. But the industry has responded positively and offers free beauty services and distributes hand sanitizers and masks to frontline workers to make stand up their businesses back.


Figure 1- Global body contouring market share, by region


 body contouring market


Body Contouring Market Dynamics:


Drivers:


The rise in the obese population is the major driving factor of the body contouring market.  By growing the awareness among cosmetic body surgeries to people may propel the growth of the market. Advanced technologies in the cosmetic field like ultrasound cavitation, mesotherapy, infra-red technology, less trauma may lead to the growth of the body contouring industry. Owing to its assured safety and efficiency, the body contouring industry gains more popularity. Due to the lack of time for people to continue with exercise and diet regimens to propel their healthcare, body contouring is expanding the market growth. Some of the factors driving the market are the rise in disposable incomes, the presence of sophisticated infrastructure, and demand for better fat reduction procedures. Moreover, the rising prevalence of chronic and lifestyle diseases also drives the body contouring industry.


Restraint:


The high cost of taking body contouring surgery is hampering the growth of the body contouring market. The other methods like yoga and fitness centers to reduce body fat may restrain the body contouring market growth. Awareness of obesity among the women population may reduce the growth of the body contouring industry.


Opportunities:


The improved surgical treatments with increased success rates have increased the growth of the market. The technological advancements in the cosmetic field are the major opportunity of the body contouring market.


Challenges:


The expenditure behind healthcare is the major challenge of the global body contouring market. This body contouring operation carries the risk of complications that slower the market growth.


Study Objectives -



  • To provide detailed information about the body contouring industry structure along with various forecast segments and sub-segments for the next 10 years.

  • To provide the factors that are affecting the growth of the body contouring industry value.

  • To analyze the body contouring market based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the body contouring industry revenue for the four main geographies and their countries.

  • To provide the country-level analysis of the current body contouring industry size and future prospective.

  • To provide country-level analysis of the body contouring industry growth by region, form, and application.

  • To provide a strategic profile of the key players in the market, analyze their core competencies, and draw a body contouring global market growth landscape.

  • To track and analyze new product developments, strategic alliances, and global body contouring market research.


Segment Overview:


The global body contouring market research has been segmented based on types of devices, end-users, and regions.


Based on Types of Devices


The global body contouring industry based on types of devices is segmented into invasive devices, minimally invasive devices, and non-invasive devices. Among them, the non-invasive devices segment holds the highest market share for its advent of new devices and is expected to maintain lucrative growth during the assessment period. The other factors influencing this segment are enhanced safety, short downtime, and cost-effectiveness.


Invasive body shaping is the other popular procedure in the U.S for its large target population base. This segment is expected to grow slower due to the advent of advanced technologies and non-invasive equipment.


Based on End-users


Based on end-users, the global body contouring industry is segmented into clinical research organizations, hospitals, medical spas, and clinics. Out of them, Clinics and Spa centers hold the largest market share for the availability of advanced technological devices and reduced risks of hospital-acquired infections.


Based on Region


The global body contouring market based on the region is classified into North America, Europe, Asia-Pacific, and the Middle East & Africa. Out of these regions, North America holds the largest market share followed by Europe. In Europe and North America, the increasing healthcare expenditure and the presence of a huge obese population are the major reasons for the development of this market.


Body Contouring Market Regional Analysis


Globally, region-wise, the body contouring market is segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa. Among them, North America accounts for the largest market share followed by Europe. Due to the presence of a huge obese population and increasing healthcare expenditure in the countries North America and Europe make them develop in the market. By rising the prevalence of diabetes and demand for good surgery of reducing obesity may propel the growth of this market. Due to the presence of developing countries like India and China in the Asia-Pacific region and for its high population base and continuous increase in obese population, the Asia-pacific region is the fastest-growing region for the body contouring industry.


Competitive Landscape


The prominent key players in the body contouring market are the following: 



  • Alma Lasers (Israel)

  • Cynosure (US)

  • Meridian (Michigan)

  • Syneron Medical (Israel)

  • Palomar Medical Technologies (US)

  • Valeant (Canada)

  • Lumenis (Israel)

  • GlobalMed Technologies (US)

  • Asclepion Laser Technologies (Germany)

  • Andrew Technologies (Canada)

  • Cutera (US)

  • BTL Industries (US)

  • Fotona (Slovenia)

  • Chromogenex (UK)

  • Human Med (Germany)

  • In Mode (US)

  • Invasix Aesthetic solutions (US)

  • Erchonia (US) and

  • Wells Johnson Company (US)


Recent Developments



  • In April 2018, a top leading company Alma Lasers launched a hands-free body contouring solution, Accentuate in Monaco during the Aesthetic & Anti-aging Medicine World Congress (AMWC).

  • In April 2017, Allergen acquired ZELTIQ Aesthetic, Inc to offer the cooling fat reduction therapy. In addition to that, Allergan includes a CoolSculpting system in its portfolio.


Report Overview:


This global body contouring market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market dynamics include the body contouring global market drivers, restraints, challenges, and opportunities. The body contouring market segments are types of devices, end-users, and regions.  


Body Contouring Market Segmentation 


This market outlook is segmented into types of devices, end-users, and regions. 


By Types of Devices


Invasive devices, minimally invasive devices, and non-invasive devices are the three types of devices.


By End-users


Clinical research organizations, hospitals, medical spas, and clinics are the four segments.


By Region


Asia-Pacific, Europe, North America, and the Middle East & Africa are the main geographies included in this market.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   9.8% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors and Trends
  Segments Covered   Devices
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Alma Lasers (Israel), Meridian (Michigan), Cynosure (US), Syneron Medical (Israel), Lumenis (Israel), Palomar Medical Technologies (US), Valeant (Canada), GlobalMed Technologies (US), Asclepion Laser Technologies (Germany), Andrew Technologies (Canada), BTL Industries (US), Cutera (US), Fotona (Slovenia), GlobalMed Technologies (US), Chromogenex (UK), Human Med (Germany), InMode (US), Invasix Aesthetic Solutions (US), Erchonia (US),Wells Johnson Company (US)
  Key Market Opportunities   Technological advances and improved surgical treatment
  Key Market Drivers   Growing prevalence of chronic and lifestyle diseases.


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Frequently Asked Questions (FAQ) :


Body contouring is a procedure involves in the alteration of the body part by improving the appearance. It refer to removal of the excess body fat. The various body contouring procedures available are body lift, bra line back lift, body fat transfer, implants and abdominal etching.

The body contouring market is expected to register approximately 9.8% CAGR during the forecast period (2017-2023).

Growing prevalence of chronic and lifestyle diseases.

North America holds the largest share in the body contouring market followed by Europe and Asia Pacific, respectively.

Meridian (Michigan), Alma Lasers (Israel), Cynosure (US), Lumenis (Israel), Syneron Medical (Israel), Palomar Medical Technologies (US), GlobalMed Technologies (US), Valeant (Canada), Asclepion Laser Technologies (Germany), BTL Industries (US), Andrew Technologies (Canada), Cutera (US), GlobalMed Technologies (US), Fotona (Slovenia), Chromogenex (UK), InMode (US), Human Med (Germany), Invasix Aesthetic Solutions (US), Wells Johnson Company (US), and Erchonia (US), are some of the major players operating in the global body contouring market.

Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global body contouring market adopt to gain a larger competitive advantage.

TABLE OF CONTENTS


1 INTRODUCTION

1.1 DEFINITION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS & LIMITATIONS

1.2.2.1 ASSUMPTIONS

1.2.2.2 LIMITATIONS

1.3 MARKET STRUCTURE:

2 RESEARCH METHODOLOGY

2.1 RESEARCH PROCESS:

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH:

3 MARKET DYNAMICS

3.1 DRIVERS

3.2 RESTRAINTS

3.3 OPPORTUNITIES

3.4 MACROECONOMIC INDICATORS

4 MARKET FACTOR ANALYSIS

4.1 PORTERS FIVE FORCES MODEL

4.2 BARGAINING POWER OF SUPPLIERS

4.3 BARGAINING POWER OF BUYERS

4.4 THREAT OF NEW ENTRANTS

4.5 THREAT OF SUBSTITUTES

4.6 INTENSITY OF RIVALRY


GLOBAL BODY CONTOURING MARKET, BY DEVICES


5.1 NON-INVASIVE DEVICES

5.1.1 RADIO FREQUENCY LIPOPLASTY DEVICES

5.1.2 HIGH INTENSITY FOCUSED ULTRASOUND LIPOPLASTY DEVICES

5.2 MINIMALLY INVASIVE DEVICES

5.2.1 LASER ASSISTED LIPOLYSIS DEVICES

5.2.2 RADIO FREQUENCY ASSISTED LIPOSUCTION DEVICES

5.3 INVASIVE DEVICES

5.3.1 ULTRASOUND ASSISTED LIPOSUCTION

5.3.2 OTHER


GLOBAL BODY CONTOURING MARKET, BY REGION


6.1 INTRODUCTION

6.2 NORTH AMERICA

6.2.1 US

6.2.2 CANADA

6.3 EUROPE

6.3.1 WESTERN EUROPE

6.3.1.1 GERMANY

6.3.1.2 FRANCE

6.3.1.3 ITALY

6.3.1.3 SPAIN

6.3.1.5 UK

6.3.1.6 REST OF WESTERN EUROPE

6.3.2 EASTERN EUROPE

6.4 ASIA

6.4.1 JAPAN

6.4.2 CHINA

6.4.3 INDIA

6.4.4 AUSTRALIA

6.4.5 REPUBLIC OF KOREA

6.4.6 REST OF ASIA-PACIFIC

6.5 MIDDLE EAST & AFRICA

6.5.1 UNITED ARAB EMIRATES

6.5.2 SAUDI ARABIA

6.5.3 OMAN

6.5.4 KUWAIT

6.5.5 QATAR

6.5.6 REST OF MIDDLE EAST & AFRICA


COMPETITIVE LANDSCAPE


7.1 MAJOR STRATEGIES ADOPTED BY MARKET PLAYERS

7.1.1 STRATEGIC PARTNERSHIP

7.1.2 MERGER & ACQUISITION

8 COMPANY PROFILE

8.1 ALMA LASERS

8.1.1 OVERVIEW

8.1.2 PRODUCT OVERVIEW

8.1.3 FINANCIALS

8.1.4 KEY DEVELOPMENTS

8.2 MERIDIAN

8.2.1 OVERVIEW

8.2.2 PRODUCT OVERVIEW

8.2.3 FINANCIALS

8.2.4 KEY DEVELOPMENTS

8.3 CYNOSURE

8.3.1 OVERVIEW

8.3.2 PRODUCT OVERVIEW

8.3.3 FINANCIALS

8.3.4 STRATEGY

8.3.5 KEY DEVELOPMENT

8.4 SYNERON MEDICAL

8.4.1 OVERVIEW

8.4.2 PRODUCT OVERVIEW

8.4.3 FINANCIALS

8.4.4 KEY DEVELOPMENTS

8.5 LUMENIS

8.5.1 OVERVIEW

8.5.2 PRODUCT OVERVIEW

8.5.3 FINANCIALS

8.5.4 KEY DEVELOPMENTS

8.6 OTHERS


LIST OF TABLES

Table 1 Body Contouring Industry Synopsis, 2020-2027

Table 2 Global Body Contouring Market Estimates and Forecast, 2020-2027, (USD Million)

Table 3 Global Body Contouring Market by Region, 2020-2027, (USD Million)

Table 4 Global Body Contouring Market by Devices, 2020-2027, (USD Million)

Table 5 North America Body Contouring Market by Devices, 2020-2027, (USD Million)

Table 6 US Body Contouring Market by Devices, 2020-2027, (USD Million)

Table 7 Canada Body Contouring Market by Devices, 2020-2027, (USD Million)

Table 8 South America Body Contouring Market by Devices, 2020-2027, (USD Million)

Table 9 Europe Body Contouring Market by Devices, 2020-2027, (USD Million)

Table 10 Western Europe Body Contouring Market by Devices, 2020-2027, (USD Million)

Table 11 Eastern Europe Body Contouring Market by Devices, 2020-2027, (USD Million)

Table 12 Asia Pacific Body Contouring Market by Devices, 2020-2027, (USD Million)

Table 13 The Middle East & Africa Body Contouring Market by Devices, 2020-2027, (USD Million) 

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Global Body Contouring Market

Figure 3 Segmentation Market Dynamics for Body Contouring Market

Figure 4 Global Body Contouring Market Share, by Devices 2020

Figure 5 Global Body Contouring Market Share, by Region, 2020

Figure 6 Americas Body Contouring Market Share, by Country, 2020

Figure 7 Europe Body Contouring Market Share, by Country, 2020

Figure 8 Asia Pacific Body Contouring Market Share, by Country, 2020

Figure 9 The Middle East & Africa Body Contouring Market Share, by Country, 2020

Figure 10 Global Body Contouring Market: Company Share Analysis, 2020 (%)

Figure 11 Alma Lasers: Key Financials

Figure 12 Alma Lasers: Segmental Revenue

Figure 13 Alma Lasers: Geographical Revenue

Figure 14 Meridian: Key Financials

Figure 15 Meridian: Segmental Revenue

Figure 16 Meridian: Geographical Revenue

Figure 17 Cynosure: Key Financials

Figure 18 Cynosure: Segmental Revenue

Figure 19 Cynosure: Geographical Revenue

Figure 20 Syneron Medical: Key Financials

Figure 21 Syneron Medical: Segmental Revenue

Figure 22 Syneron Medical: Geographical Revenue

Figure 23 Lumenis: Key Financials

Figure 24 Lumenis: Segmental Revenue

Figure 25 Lumenis: Geographical Revenue